Residential
Down Payment Assistance (DPA)
Dreaming of homeownership but struggling with the down payment? CMRE's Down Payment Assistance (DPA) program can help make your dream a reality. With competitive rates starting at 6.875% and flexible eligibility requirements, DPA can provide the financial boost you need to purchase your first home or move into a new one.
Program Benefits
Overcome the hurdle of a large down payment and achieve homeownership sooner.
Potentially lower your monthly payments compared to renting.
Benefit from a competitive interest rate, starting at 6.875%.
Access a variety of down payment assistance options to fit your specific needs.
Build equity and long-term financial security through homeownership.
Work with CMRE's experienced loan specialists to guide you through the process.
Program Highlights
Max LTV
97%
Min Credit Score
620
Max DTI
55%
Loan Amount Range
Varies based on program and borrower qualifications
Amortization Options
Eligible Properties
- Single Family
- Condo
- Townhouse
Program Requirements
Income Documentation
- •Stable and verifiable income history required.
- •Income requirements may vary based on the specific DPA program and location.
- •Household income must typically fall within established limits.
- •Consult with a CMRE loan specialist to determine your eligibility based on income.
Asset Verification
- •Limited asset requirements for most DPA programs.
- •Review of bank statements to verify funds for closing costs and reserves.
- •Gift funds may be considered as part of your down payment.
- •CMRE will provide detailed guidance on acceptable asset documentation.
Insurance & Title
- •Homeowners insurance required to protect your investment.
- •Flood insurance may be required depending on the property's location.
- •CMRE can connect you with trusted insurance providers.
- •Proof of insurance coverage must be provided before closing.
Property Requirements
- •Minimum FICO score of 620 required.
- •Review of credit history for past delinquencies or bankruptcies.
- •Demonstrated responsible credit behavior is essential.
- •CMRE can help you understand your credit profile and identify areas for improvement.
Application Process
Six simple steps from application to funding
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Why Choose Custom Mortgage?
Your trusted partner in real estate financing
Extensive Experience
Over 25 years of proven expertise in mortgage lending and real estate financing
Comprehensive Loan Options
Wide range of programs from conventional to specialized non-QM and hard money solutions
Nationwide Coverage
Licensed in multiple states with the ability to fund loans across the country
Flexible Solutions
Customized financing options for unique situations that traditional lenders decline
Competitive Rates
Access to wholesale pricing and volume discounts passed directly to our clients
No Upfront Fees
Transparent pricing with no application fees or upfront costs to get started
Frequently Asked Questions
The minimum FICO score for CMRE's Down Payment Assistance program is 620.
Generally, Down Payment Assistance programs are designed for primary residences only. Investment properties are typically not eligible.
Contact CMRE today to speak with one of our experienced loan specialists. We will guide you through the application process and help you determine the best DPA options for your needs.
Sam K.
Senior Loan Strategist
With over 15 years in the mortgage industry, Sam specializes in complex jumbo and non-qm financing solutions, helping clients navigate unique financial landscapes.
NMLS #12345 | Certified Mortgage Advisor (CMA)
TESTIMONIALS
Success stories from families and investors across the nation who achieved their goals with CMRE.
"I've been working with Custom Mortgage and Real Estate for over five years now, and they've totally helped me get through a bunch of tricky transactions. Their team is super helpful all the way through, making sure everything goes off without a hitch. I seriously recommend Custom Mortgage to anyone who needs financing or a solid real estate broker."
RENE M
"I just worked with Custom Mortgage and Real Estate, and seriously, I can't recommend them enough. They have helped my family and me with a bunch of transactions, always receiving results that nobody else could. Their team is super responsive and really experienced, which made everything go through smoothly with no stress at all."
ARTHUR G
"As an investor in real estate and an agent, I totally count on Custom Mortgage and Real Estate for my deals since they've got loads of experience. They have these unique programs that I just can't find anywhere else, and it really gives me an advantage. After researching a number of companies, the offers from Custom Mortgage were the best out there."
